Cincinnati Financial Corporation (CINF) : Weaver C. Barksdale Associates reduced its stake in Cincinnati Financial Corporation by 0.48% during the most recent quarter end. The investment management company now holds a total of 16,890 shares of Cincinnati Financial Corporation which is valued at $1.1 Million after selling 82 shares in Cincinnati Financial Corporation according to a report filed by the company on Apr 5, 2016 with the SEC.Cincinnati Financial Corporation makes up approximately 0.83% of Weaver C. Barksdale Associates’s portfolio.
On the company’s financial health, Cincinnati Financial Corporation reported $1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.87. The company had revenue of $1263.00 million for the quarter, compared to analysts expectations of $1281.00 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.
Cincinnati Financial Corporation opened for trading at $64.91 and hit $65.31 on the upside on Monday, eventually ending the session at $64.76, with a gain of 0.17% or 0.11 points. The heightened volatility saw the trading volume jump to 4,06,900 shares. Company has a market cap of $10,643 M.
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in 39 states. The Company operates through five segments: Commercial lines Personal lines Excess and surplus lines Life insurance and Investments. It operates through its three subsidiaries: The Cincinnati Insurance Company CSU Producer Resources Inc. and CFC Investment Company. Its market property casualty insurance group includes two of those subsidiaries: The Cincinnati Casualty Company and The Cincinnati Indemnity Company. This group writes a range of business homeowner and auto policies. Other subsidiaries of The Cincinnati Insurance Company include The Cincinnati Life Insurance Company which provides life insurance disability income policies and fixed annuities and The Cincinnati Specialty Underwriters Insurance Company which offers excess and surplus lines insurance products.